AN ACT relating to income taxes.
Amend KRS 141.020 to change individual income tax rates to levels ranging from 6% on incomes under $30,000 to 9% on incomes over $100,000, and to exempt from tax all individuals with incomes at or below the federal poverty level; amend KRS 141.066 to replace the low income credit with an earned income tax credit equal to 20% of the federal credit; amend KRS 141.180 to conform; make effective for tax years beginning on or after January 1, 2005.